McMahon said on Friday, "There's absolutely no reason, as far as I can determine, that there should be student loans housed in the Department of Education." The post Exclusive — Education Secretary Linda McMahon Talks Possibility of Moving Student Loans to Treasury, Private Sector appeared first on Breitbart.
Education Secretary Linda McMahon, tasked by President Trump with dismantling the Department of Education, discussed moving student loans to the Treasury Department or the private sector. She believes federal involvement in student loans has inflated tuition costs and suggested eliminating federal-backed student loans in the future. McMahon also mentioned studying college applications and modernizing FAFSA to provide more information to students and parents before borrowing, including a potential warning about loans that are too expensive for certain majors. She believes removing loan availability would help lower the cost of college.
